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Ship Order News

19 Jun 2023

Fincantieri Wins $436m Four Season Yachts Ship Order

Launch of MSC Seaview, built at the Fincantieri shipyard in Monfalcone, 2018. Copyright maudanros/AdobeStock

Italian shipbuilder Fincantieri said on Monday it had signed a contract worth more than $436 million to deliver a second luxury vessel for Four Seasons Yachts. Fincantieri had won a first order from Four Season Yachts last year."Today's result also bears witness to the start of the orders recovery for the sector, at the same time reinforcing Fincantieri's leadership in the new extra-luxury segment based on haute hotellerie," Fincantieri CEO Pierroberto Folgiero said in a statement.Four Seasons Yachts…

15 Mar 2023

ONE Orders 10 Containerships

© Björn Wylezich / Adobe Stock

Japanese shipping company Ocean Network Express Pte. Ltd (ONE) on Wednesday announced it has ordered 10 new 13,700 TEU vessels for delivery in 2025 and 2026, adding more tonnage to the industry's crowded containership orderbook.ONE, which is jointly owned by the Japanese shipping lines Nippon Yusen Kaisha (NYK), Mitsui O.S.K. Lines (MOL), and Kawasaki Kisen Kaisha ("K" Line), did not reveal financial details or where the vessels will be constructed.The 10 new vessels will be ready for methanol and ammonia fuel and equipped with a bow cover and other energy saving technologies, ONE said.

13 Dec 2022

Hapag-Lloyd CEO: Bounce in Shipping Demand Short-lived

©travelview/AdobeStock

Germany's Hapag-Lloyd is seeing a small uptick in demand for shipping after a decline in recent months, but the company on Tuesday reiterated its more muted outlook for the industry as pandemic disruption fades.The container business, a bellwether of global economic trends, had seen a noticeable contraction in demand in September and October as economies around the world grappled with sharply spiking inflation and cost-of-living crises in the wake of Russia's invasion of Ukraine."I don't think the market is as weak as it was four or eight weeks ago…

02 Nov 2022

NYK to Order Two LNG-Fueled Large Coal Carriers

©NYK

Japan's NYK is set to order two LNG-fueled large coal carriers from Oshima Shipbuilding Co., Ltd. The vessels are scheduled to be delivered in 2025."This ship order is a part of a bulk carrier fleet development aimed at achieving net-zero greenhouse gas (GHG) emissions in the NYK Group's oceangoing businesses by 2050," NYK said.NYK says that compared to conventional heavy oil-fueled ships, the two new ships will emit zero sulfur oxides (SOx), 80% less nitrogen oxides (NOx), and 30% less carbon dioxide (CO2).

12 Jul 2022

Fincantieri Bags 'Ultra-luxury' Cruise Ship Order

(Photo: Fincantieri)

Italian shipbuilding group Fincantieri said it has secured a contract to build up to three "ultra-luxury" cruise ships for an unnamed international buyer.The €1.2 billion deal is for one vessel to be delivered by the end of 2025, with options for two additional vessels, Fincantieri said.Fincantieri did not share any specifics about the cruise ships' size and technical details.The cruise ship order is one of only a handful placed since the cruise industry was derailed by the COVID-19 pandemic…

02 May 2022

Fincantieri in Talks with NCL for $4 Billion Cruise Ship Order

© Wirestock / Adobe Stock

Italian shipbuilder Fincantieri is in talks with Norwegian Cruise Line (NCL) over an order worth around $4 billion to build new cruise ships, a source with knowledge of the matter told Reuters on Monday.Italian daily Il Secolo XIX reported on Sunday that six new ships could be built by Fincantieri for the Miami-based company.Norwegian Cruise Line was not immediately available for comment.(Reuters - Reporting by Francesco Zecchini; Editing by Cristina Carlevaro and Keith Weir)

22 Feb 2022

Meyer Turku-led Finnish Project Studies Climate-Neutral Cruise Ship

Image courtesy Meyer Turku

The NEcOLEAP project, led by Meyer Turku, is determined to design and build a climate-neutral cruise ship.Meyer Turku was selected to take part in Business Finland’s financing project for leading companies and their partner ecosystems, which aims to help companies to increase their RDI investments in Finland. Meyer’s NEcOLEAP project develops carbon-neutral and sustainable technological solutions for cruise ships through an extensive partnership network. The goal is to secure a billion-order cruise ship order for Turku Shipyard.According to the shipyard…

26 Aug 2021

2021: The Year of the Containership

© hit1912/AdobeStock

What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been broken (measured in capacity) in less than eight months.As a result of very healthy shipowner bottom lines and carriers experiencing a lack of tonnage, 619 container ships are now on order for future delivery. Of those, 381 have been ordered in 2021 alone and never has 3.44m TEU been ordered in such a short time span.

31 Mar 2021

Royal Caribbean's New Cruise Ship Odyssey of the Seas Delivered

Odyssey of the Seas (Photo: Meyer Werft)

Royal Caribbean Group on Wednesday took delivery of its newest cruise ship Odyssey of the Seas, built at the Meyer Werft shipyard in Germany.The 169,000 GT, 347.1-meter vessel is the last of five Quantum Ultra class cruise ships started in January 2013 with the launch of Quantum of the Seas."Royal Caribbean Group commissioned us in 2011 to build the first two units of the Quantum class, which have been very popular with passengers since day one. We have continuously improved and developed these ships…

31 Mar 2021

New Cruise Ship Ordered at Meyer Werft

(Image: Meyer Werft)

A new cruise ship order placed at Meyer Werft this week marks the first since the start of the COVID-19 pandemic, the German shipbuilder said.The 229-meter, 51,950 GT cruise ship is scheduled for delivery in 2025 to Asuka Cruise, a joint venture between Japanese firms NYK Group and Anchor Ship Partners. It will be fueled by liquefied natural gas (LNG).The order is significant for the cruise industry and specifically for the Meyer Group, whose three shipyards in Papenburg and Rostock…

26 Aug 2019

OOCL Swings to Profit

Hong Kong-based international transportation and logistics company Orient Overseas International (OOCL) reported an interim net profit of US$138.9 million for the first half of 2019, swinging from a loss of US$10.3 million this time last year.Overall revenue for the company rose 6 per cent to US$3.3 billion in the first half of this year from US$3.1 billion in the same period last year, said a stock exchange announcement from the the parent company of Orient Overseas Container Line.In this period, container shipping industry has been quicker in responding to ever changing demands in its response to the underlying condition of our ever-changing markets and more complicated global economic and trade situations.

13 Jun 2019

DSME Wins LNG Ship Order from Maran Gas

South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co (DSME) said  that it has won a deal to build a liquefied natural gas (LNG) carrier from Maran Gas Maritime (MGM).The affiliate of Greece’s largest shipper, Angelicoussis Shipping Group ordered the 174,000 cbm unit on June 12.According to Yonhap, The vessel will be built at Geoje Okpo Shipyard and is scheduled for delivery by the first half of 2022.The Korean shipbuilder said that Maran Gas Maritime is one of its biggest customers who has ordered five of its six LNG carrier newbuilds this year and is also discussing additional LNG carrier orders.With the order, Daewoo Shipbuilding has achieved 32 percent…

18 Apr 2019

CAT Targets Cruise for MEO, AI

Caterpillar's Multi-Engine Optimizer.

Caterpillar is touting its Multi-Engine Optimizer (MEO) as a solution for existing cruise ships to burn less fuel, run cleaner, keep uptime and reliability high while keeping costs down.Caterpillar's MEO is designed to lay over the top of a vessel’s existing power management system, us-ing proprietary performance maps and control algorithms to advise the system on which engines to operate and at what load. The second, Asset Intelligence (AI), is a total vessel monitoring solution that collects and analyzes data from onboard systems, then provides recommendations on when and how to take action.

27 Mar 2019

Solar Solve Wins 40-Ship Order from S.Korea

The UK-based manufacturer of sunscreens for navigation bridge windows scored order for SOLASAFE anti-glare roller sunscreens that will be installed on 40 vessels that are being built in South Korea during 2019.The Type Approved screens will be fitted at the navigation bridge windows to protect ship’s personnel from heat, glare and uv light that is radiated by the sun to create a safer and more comfortable working environment.Included in the order is a series of 14 massive VLCC 320,000 tons deadweight oil tankers that will be 336 mts long, 60mts beam and 29.5mts depth, that are all being constructed by Daewoo Shipbuilders. Each vessel will cost well over £60m depending on engine type and are being built for owners in Norway…

28 Feb 2019

Ulstein Bags SunStone Ship Order

Norwegian ship designer Ulstein has received a contract to design the fourth expedition cruise vessel for Miami-based SunStone Ships, in their Infinity series.The vessel, which will be constructed at the China Merchants Heavy Industries (CMHI)  yard in China, is a CX103 design featuring the X-BOW and designed by Ulstein Design & Solutions.The SunStone ship design contracts were the first cruise contracts for Ulstein, a ship design company with long experience from the offshore industry. Their patented bow, the X-BOW, has originally been developed for excellent seakeeping in rough conditions, but has also the advantage of more space in the bow areas…

14 Feb 2019

Drewry Sees Balanced Supply-Demand in ULCVs

Maritime research consultancy Drewry believes that the industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrators."Aside from feeder ship replenishment, there has been no reaction from other lines to HMM’s mega-ship order and as such we have greatly reduced our projected new orders for 2020 onwards,” said Simon Heaney, senior manager, container research at Drewry and editor of the Container Forecaster."This subsequently feeds into a much brighter supply-demand index forecast for carriers through 2022…

14 Jan 2019

Drewry Predicts Better Freight Rates and Profits

The shipping industry’s supply-demand balance will benefit from a reduced appetite for Ultra Large Container Vessels (ULCVs) among the major carriers, some of which now have their eyes fixed on a bigger prize of becoming global logistics integrators, said Drewry.Simon Heaney, senior manager, container research at Drewry and editor of the Container Forecaster said: "Aside from feeder ship replenishment, there has been no reaction from other lines to Hyundai Merchant Marine (HMM)’s mega-ship order and as such we have greatly reduced our projected new orders for 2020 onwards."“This subsequently feeds into a much brighter supply-demand index forecast for carriers through 2022…

06 Jan 2019

Taiwan: Jong Shyn Shipbuilding Bags CGA Ship Order

The construction of a 600-tonne Coast Guard Administration (CGA) patrol ship by  the Taiwan-based shipbuilding company Jong Shyn Shipbuilding Corporation (JSSC) began in Kaohsiung.An official statement from Taiwan coast guard said that the ship is the first of a dozen to be produced by the company for the agency.According to Taipei Times, CGA Fleet Branch head Hsieh Ching-chin and JSSC Chairman Han Pi-hsiang presided over the initiation ceremony Friday to mark the start of the ship's construction.The report quoted Hsieh saying that the construction of the patrol ship symbolized a new milestone in the country's shipbuilding capabilities…

10 Aug 2018

Maritime Thought Leadership: Koichi Fujiwara, ClassNK

Koichi Fujiwara, Chairman, ClassNK

Tokyo-based Nippon Kaiji Kyokai, or ClassNK as it is more commonly known, is one of the world's leading classification societies with 9,104 ships representing 250 million gt under register, as of June 2018. We spoke with Koichi Fujiwara, Chairman, ClassNK, earlier this year in Tokyo for his overview of the market today, and the path forward on technological trends.While Koichi Fujiwara, like many of his colleagues, sees challenging times in the maritime market, he does note that conditions are improving…

05 Jul 2018

Radio Holland Books Six-Ship Order From Royal Bodewes

Photo; Radio Holland

Radio Holland Netherlands has received an order for a full Nav/Com package for six vessels being built at Royal Bodewes in Hoogezand, highlighting longstanding relationships, both with Royal Bodewes and manufacturer Furuno. The FURUNO FAR-22x8/23x8 series is characterised by its state-of-the-art antenna design and innovative signal processing techniques. Radio Holland will install the new FAR radar, together with 26” screens, on all six of the new vessels, which are being built at Royal Bodewes. The NavCom packages to be provided comprise a variety of Furuno equipment (a.o.

26 Apr 2018

Japan: An LNG Bunkering Hub?

New study examines Japanese government strategy for creating infrastructure for environmentally-friendly ship fuel.A new report by the Intrernational Transport Forum at the OECD assesses Japan’s ambition to become an international bunkering hub for liquefied natural gas (LNG).The Japanese government is working to position the nation as a LNG bunkering hub as it expects the fuel's significance in shipping to grow.Japan is already the world’s largest importer of LNG by a large margin. Alongside the fuel’s main use in electricity production, the country has developed marine bunkering facilities to provide LNG to ships. Japan is also a major trading nation…

07 Mar 2018

Viking Order for Six More Ocean Ships with Fincantieri

Viking Cruises has announced a new agreement with Fincantieri that could see the delivery of six additional ocean ships by 2027. The new understanding expands Viking's partnership with Fincantieri, raising the company's total ocean ship order and options to 16 – the highest-ever for a shipyard from a single owner. The agreement for the six additional ships, which will be delivered in 2024, 2025, 2026 and 2027, is subject to specific conditions. "When we launched our first ocean ship in 2015, we set out to reinvent ocean cruising. We focus on the destination, and we do not cram our ships with gimmicks and waterslides. Our understated, elegant, award-winning ships are designed to simply enable our guests to better explore their destination," said Torstein Hagen, Chairman of Viking.

06 Mar 2018

ABB’s Azipods Ordered for 100th Cruise Ship

Copyright Ponant - Stirling Design International

Azipod propulsion, the ABB technology that has become the industry standard in the cruise segment since its launch in 1990, has secured its 100th cruise ship order, winning a contract for powering the world’s first electric hybrid icebreaker. The luxury polar expedition cruise ship, due delivery for the French cruise company PONANT in 2021, will feature two Azipod VI propulsion units fit for the most challenging ice conditions. Upon delivery from Norway’s Vard Søviknes, a Fincantieri Company, the cruise ship will take passengers to unexplored destinations in Arctic and Antarctic waters.

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